Solve Advisors Municipal Bond Market Summaries

Municipal Bond Market Summary - Week Ending 1/24/20

Written by Michael Pellerito | Jan 27, 2020 3:19:34 PM

 

We are excited to launch a weekly newsletter to highlight trends in the Municipal Bond market. Our newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.  

  1. Top 10 Muni Bond Winners & Losers
  2. Top 10 Muni State Winners & Losers
  3. 10 Yr Yield by State - All Muni
  4. 10 Yr Yield by State - GO Only
  5. 10 Yr Yield by State - REV Only 
  6. Market Sentiment
  7. Top Quote Volume Movers
  8. Most Quoted Municipal Bonds

 

TOP 10 BOND WINNERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 PER ELEC PWR-CCC 5.00% 07/01/24 5.36% 82.88 78.66
2 PR SALES TAX FING-A2 5.00% 07/01/58 4.33% 96.00 92.02
3 L A WTR/PWR-C-BABS 6.01% 07/01/39 3.90% 131.78 126.84
4 NJ ECON DEV AUTH 4.00% 06/15/36 3.83% 111.93 107.80
5 CHICAGO-B-REF-TXBL 6.31% 01/01/44 3.81% 121.53 117.07
6 NJ ECON DEV AUTH 4.00% 06/15/35 3.39% 112.30 108.62
7 PEORIA-REF 5.00% 01/01/29 3.35% 127.53 123.40
8 BERGEN CO NJ 3.00% 12/01/31 3.10% 110.75 107.42
9 WISCONSIN ST HLTH-A 4.00% 08/15/38 3.10% 116.36 112.87
10 CA EDUCTNL FACS-U-2 5.00% 10/01/32 3.03% 142.88 138.67
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 EAST BAY CA MUNI UTIL 5.00% 06/01/29 -1.57% 119.18 121.08
2 INDIANA FIN AUTH-AMT 7.00% 03/01/39 -1.53% 101.49 103.07
3 KY ASSET GEN FD ADJ-B 1.14% 11/01/25 -1.44% 99.54 101.00
4 WISCONSIN ST-A 4.00% 05/01/31 -1.08% 105.30 106.45
5 NYC SER H-1-BABS 6.25% 06/01/35 -1.03% 102.31 103.38
6 UT ST UNIV BRD OF REG 2.63% 06/01/39 -1.00% 98.73 99.72
7 ITASCA CNTY-TXB-IMPT 5.40% 02/01/26 -0.99% 116.23 117.39
8 ND HSG FIN AGY-F 2.80% 07/01/26 -0.99% 106.95 108.02
9 PORTSMOUTH-B-REF-TXBL 3.00% 02/01/26 -0.92% 103.47 104.43
10 PINCKNEY SCHS-A-REF 4.00% 05/01/28 -0.81% 114.66 115.59
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 1/17/20 - 1/24/20
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 DC -32 bps 1.99% 2.31%
2 GA -20 bps 2.08% 2.28%
3 AL -18 bps 1.89% 2.08%
4 NJ -14 bps 1.87% 2.01%
5 MN -11 bps 1.72% 1.84%
6 KY -9 bps 2.61% 2.70%
7 TX -8 bps 1.92% 2.00%
8 MD -8 bps 1.93% 2.01%
9 MS -7 bps 2.05% 2.12%
10 WI -6 bps 1.94% 2.00%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 IL 37 bps 3.10% 2.73%
2 UT 35 bps 1.91% 1.56%
3 IN 34 bps 2.33% 2.00%
4 AZ 30 bps 2.31% 2.01%
5 NV 28 bps 2.01% 1.72%
6 KS 26 bps 2.51% 2.25%
7 OH 24 bps 2.08% 1.85%
8 IA 21 bps 1.94% 1.74%
9 MT 18 bps 2.11% 1.92%
10 MI 14 bps 2.21% 2.07%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 1/17/20 - 1/24/20

 

 
  • Displays the average Muni 10 year yield by state between 1/17/20 - 1/24/20 (General Obligation and Revenue Bonds)
    • Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

 

  • Displays the average Muni 10 year yield by state between 1/17/20 - 1/24/20 (General Obligation Bonds only)
    • Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

  • Displays the average Muni 10 year yield by state between 1/17/20 - 1/24/20 (Revenue Bonds only)
    • Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

 

  • Reveals the percent of Muni bonds increasing in price (Advancers) vs. decreasing in price (Decliners) between 1/17/20 - 1/24/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

 INCREASE % INCREASE
1 KING CO 5.00% 01/01/30 12 48 36 300%
2 PA CMNWLTH-2ND SER-D 3.25% 08/15/26 12 45 33 275%
3 LOS ANGELES-B1 5.00% 07/01/38 8 39 31 388%
4 FEDERAL WAY SD#210 4.00% 12/01/27 19 50 31 163%
5 WASHINGTON ST-2020A 5.00% 08/01/40 31 62 31 100%
6 MASSACHUSETTS ST-A 5.00% 01/01/27 7 36 29 414%
7 NEW YORK ST DORM AUTH 5.00% 02/15/35 16 45 29 181%
8 BERGEN CO NJ 3.00% 12/01/31 3 31 28 933%
9 RUTHERFORD BORO BOE 2.50% 12/15/30 1 29 28 2800%
10 ROUND ROCK TX INDEP-B 5.00% 08/01/30 7 35 28 400%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 1/17/20 vs. the week ending 1/24/20
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 ILLINOIS ST-D 5.00% 11/01/26 15
2 DASNY-REV-A-GRP 4-REF 5.00% 03/15/44 15
3 WASHINGTON ST-2020A 5.00% 08/01/40 14
4 CHICAGO-A-REF 5.00% 01/01/29 14
5 MONTGOMERY CNTY PA HG 5.00% 09/01/33 14
6 CONROE TX ISD 3.00% 02/15/45 14
7 CALIFORNIA 5.00% 10/01/39 13
8 NEW JERSEY ST HLTH CA 5.00% 07/01/29 13
9 WASHINGTON ST-2020A 5.00% 08/01/38 13
10 PR SALES TAX FING-A1 0.00% 07/01/24 13
  • Ranks the Munis that were quoted by the highest number of dealers between 1/17/20 - 1/24/20

 Want free access to Solve's Real-Time Market Data and trends within the market for Municipal Bonds?

 

If you would like to see additional information, or if you have any feedback or questions, please feel free to reach out to us at info@solveadvisors.com or +1 646-699-5041.

 
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